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Dual US-UK listing ‘could become the standard’ says Fermi boss
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News Archives - City AM
Dual US-UK listing ‘could become the standard’ says Fermi bossFermi debuted on the London Stock Exchange on ThursdayA dual UK-US listing could become the standard for IPOs of global firms on both sides of the Atlantic, the boss of Fermi has said, after the firm successfully floated on the Nasdaq and the London Stock Exchange.
Toby Neugebauer, chief executive of Texas-based Fermi, said it “makes all the sense in the world” to float in both markets simultaneously because of the closeness of Britain and America.
“I think it makes sense – so far it’s making sense for us,” Neugebauer told City AM.
The record-breaking float is thought to be the first concurrent dual listing on Nasdaq and in London since Cambridge semiconductor firm ARM Holdings in 1998.
“The thought process I had behind it is when I think of the United States’ competitive advantage around the world it’s the dollar,” Neugebauer said.